Insly’s implementation process is designed to be fast, flexible, and low-code, allowing insurers and MGAs to go live in just a few months. The process typically unfolds in three main steps:
Identify Scope (2–3 weeks)
The first phase involves planning and defining the scope of the project. This includes identifying the insurance products to be digitized, setting business goals, and creating a draft version of the product in a test environment. During this stage, Insly’s team collaborates with the client to understand their operational needs and regulatory requirements.
Build Your Ideal Solution (1–3 months)
In this phase, clients use Insly’s low-code tools to configure underwriting rules, workflows, document templates, and automations. The modular nature of the platform allows businesses to mix and match features such as product distribution, accounting, reporting, and claims management. The system is tailored to fit the client’s business model, whether it’s broker-led, direct-to-consumer, or embedded insurance.
Start Selling Insurance (3+ months)
Once the platform is configured and tested, it becomes fully operational. Clients can begin selling insurance products, managing policies, and processing claims. The system is scalable and integrates easily with external APIs, allowing for future expansion and optimization.
Overall, the full implementation typically takes 3 to 4 months, depending on the complexity of the setup and the number of modules involved.
Insly is highly customizable and built specifically to adapt to the unique needs of MGAs, insurers, and brokers. Here are several data points that highlight its flexibility:
Modular Architecture: Insly allows users to select and combine modules such as Product Builder, Product Distribution, Accounting & Reporting, and Claims Management. This modularity ensures that businesses only pay for and use what they need.
Low-Code Product Builder: Users can build non-life insurance products without writing code. The editor lets you define product structures, data capture fields, workflows, and rating logic. Changes can be made on the fly, enabling rapid iteration and deployment.
Custom Workflows: Each insurance product can have its own workflow, including underwriting rules, referral logic, and automation triggers. This allows for granular control over how policies are processed and approved.
Dynamic Document Templates: Insly supports the creation of professional, dynamic documents tailored to different policy types. These templates can be customized to include specific clauses, branding, and regulatory disclosures.
Open API Integrations: The platform integrates easily with external systems, including payment gateways, data providers, and legacy software. This ensures seamless data flow and enhances operational efficiency.
Role-Based Access & User Settings: Extensive user settings allow businesses to control data access, permissions, and visibility across teams. This is especially useful for compliance and internal governance.
Claims Customization: Claims workflows can be tailored to suit different lines of business. Features like eFNOL (electronic First Notice of Loss), automated notifications, and fraud detection tools improve both efficiency and customer experience.
Insly uses a flexible pricing model that varies based on the client’s size, system scope, and gross written premium (GWP). For MGAs, pricing typically includes:
For larger insurers, pricing is more customized and may include full-stack implementation fees, negotiated based on complexity. Insly emphasizes fast deployment and offers both fixed-fee and pay-as-you-grow (PAYG) options. While setup and maintenance fees are not explicitly listed, the platform is designed to minimize IT overhead through low-code configuration and cloud-based deployment.
Insly provides a range of training and support resources to help new users onboard and succeed:
These resources are designed to ensure smooth onboarding, empower users to configure their systems independently, and provide ongoing assistance as business needs evolve
Insly takes data security very seriously and has implemented several robust measures:
ISO/IEC 27001 and ISO/IEC 27017 certifications, confirming compliance with international standards for data and cloud security
These measures make Insly a trusted platform for insurers and MGAs handling sensitive customer and financial data.
Insly follows an agile development cycle, releasing regular updates throughout the year. These updates include new features, performance enhancements, and compliance improvements. For example, in 2022 alone, Insly launched several major updates including a low-code claims management module and enhanced premium accounting and reporting tools. Updates are managed centrally and deployed across the cloud-based platform, ensuring minimal disruption to users. Clients benefit from automatic access to new features, and all account activity is logged for audit and analytics purposes.
Insly’s terms clearly state that clients retain full ownership of their data. Users are entirely responsible for the data they upload, transmit, or make available through the platform. Insly does not claim ownership of client data and provides mechanisms for secure data handling and export. This ensures that businesses can maintain control over their information and move it to other systems if needed. The platform also supports open API integrations, which facilitate data portability and interoperability with external tools.
Insly is built with scalability at its core, using a modular, low-code architecture that allows businesses to start small and expand as needed. Clients can implement only the modules they require initially—such as underwriting, claims, or accounting—and add more features over time. This flexibility supports both growth and downsizing, depending on operational demands. The platform’s pricing model also reflects this adaptability, offering pay-as-you-grow options and customized packages for MGAs and insurers. Scaling is supported by seamless API integrations, ensuring that data and workflows remain aligned across systems.
Insly’s licensing terms outline several key points regarding renewal and cancellation:
License Agreement: Insly provides a non-exclusive, non-transferable license to use its software. This license is based on payment of a monthly license fee, which is charged per user.
These terms emphasize flexibility in renewal but strict conditions around cancellation once usage begins.
Insly meets several international compliance and security standards, making it suitable for regulated insurance environments:
ISO/IEC 27001 Certification: This standard confirms that Insly has a robust information security management system (ISMS) in place to protect customer data.
ISO/IEC 27017 Certification: This extends Insly’s compliance to cloud-specific security controls, ensuring safe cloud operations and data handling.
Ensuring policy issuance standards are met.
These compliance features make Insly a strong candidate for insurers operating in highly regulated markets.
